AEGON ASSET MANAGEMENT UK Plc Buys 40,396 Shares of UL Solutions Inc. (NYSE:ULS)

AEGON ASSET MANAGEMENT UK Plc lifted its position in UL Solutions Inc. (NYSE:ULS) by 20.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 235,501 shares of the company’s stock after purchasing an additional 40,396 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in UL Solutions were worth $11,726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter. FMR LLC increased its position in shares of UL Solutions by 6.9% in the 3rd quarter. FMR LLC now owns 3,565,238 shares of the company’s stock valued at $175,766,000 after buying an additional 230,886 shares in the last quarter. Soros Fund Management LLC lifted its holdings in UL Solutions by 127.4% during the third quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock worth $56,058,000 after acquiring an additional 637,077 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in UL Solutions by 19.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 756,505 shares of the company’s stock worth $36,805,000 after acquiring an additional 122,975 shares in the last quarter. Finally, Zimmer Partners LP increased its holdings in shares of UL Solutions by 136.7% in the third quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock worth $35,003,000 after acquiring an additional 410,000 shares in the last quarter.

Insider Buying and Selling

In other news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now directly owns 69,191 shares in the company, valued at $3,638,062.78. The trade was a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

UL Solutions Price Performance

UL Solutions stock opened at $53.39 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a 50-day moving average of $51.63 and a 200-day moving average of $50.67. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that UL Solutions Inc. will post 1.53 earnings per share for the current year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 0.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Citigroup started coverage on shares of UL Solutions in a research note on Monday, October 7th. They issued a “buy” rating and a $60.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

UL Solutions Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.